Enterprise Products Partners (EPD) closed the most recent trading day at $28.91, moving +0.7% from the previous trading session. This change lagged the S&P 500's 0.72% gain on the day. Elsewhere, the Dow gained 0.85%, while the tech-heavy Nasdaq added 1.06%.
Prior to today's trading, shares of the provider of midstream energy services had gained 1.09% over the past month. This has lagged the Oils-Energy sector's gain of 2.86% and the S&P 500's gain of 2.25% in that time.
EPD will be looking to display strength as it nears its next earnings release. On that day, EPD is projected to report earnings of $0.53 per share, which would represent year-over-year growth of 3.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.70 billion, down 9.21% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.18 per share and revenue of $34.86 billion, which would represent changes of +14.14% and -4.58%, respectively, from the prior year.
Any recent changes to analyst estimates for EPD should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.95% higher. EPD is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, EPD is holding a Forward P/E ratio of 13.14. This valuation marks a premium compared to its industry's average Forward P/E of 11.6.
Also, we should mention that EPD has a PEG ratio of 3.29. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. EPD's industry had an average PEG ratio of 3.29 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 50, putting it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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